Arthur L. Regan - Mar 4, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Arthur L. Regan
Stock symbol: GNK
Transactions as of: Mar 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/4/2022, 06:00 PM
Previous filing: Feb 25, 2022
Next filing: Mar 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNK	Common Stock	Options Exercise		+6.46K	+16.43%		45.8K	Mar 4, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GNK	Restricted Stock Units	Options Exercise	$0	-6.46K	-100%	$0.00^*	0	Mar 4, 2022	Common Stock	6.46K		Direct	F1, F2, F6
holding	GNK	Restricted Stock Units						18.4K	Mar 4, 2022	Common Stock	18.4K		Direct	F2, F3
holding	GNK	Restricted Stock Units						9.44K	Mar 4, 2022	Common Stock	9.44K		Direct	F2, F4
holding	GNK	Option						58.2K	Mar 4, 2022	Common Stock	58.2K	$7.06	Direct	F5
holding	GNK	Option						43.9K	Mar 4, 2022	Common Stock	43.9K	$8.07	Direct	F7
holding	GNK	Option						26.9K	Mar 4, 2022	Common Stock	26.9K	$13.37	Direct	F8
holding	GNK	Restricted Stock Units						16.7K	Mar 4, 2022	Common Stock	16.7K		Direct	F2, F9
holding	GNK	Restricted Stock Units						5.64K	Mar 4, 2022	Common Stock	5.64K		Direct	F2, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2	Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
F3	These restricted stock units generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F4	These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F5	These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F6	These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F7	These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
F8	These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
F9	These restricted stock units vested on May 17, 2017.
F10	These RSUs generally vest on the earlier of the date of the annual shareholders' meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.